CALIFORNIA: greenRush, the largest online marketplace for legally purchasing cannabis, today announced the $3.6 million closing of its Series A Funding Round. The Round will fuel the expansion of greenRush’s current recreational and medical marijuana services in California, Nevada, Massachusetts, Maryland, New York, Pennsylvania, and Illinois.
The company’s latest group of investors include James Weil, President of JMM Industries, and Chris Burggraeve, former Anheuser-Busch InBev Global Chief Marketing Officer. James Weil will be joining the greenRush Board of Directors and Chris Burggraeve will be joining the Advisory Board.
Rachel Shipp, greenRush Vice President of Business Development, said, “We are thrilled to welcome James Weil and Chris Burggraeve, along with a diverse network of notable venture capital, private equity, finance and marketing executives, to greenRush as investment and advisory partners.” Shipp continued, “We see an increasingly upward trend in institutional capital’s appetite and enthusiasm for investing in the Cannabis industry and our investors’ experience and guidance will help poise greenRush to successfully capitalize on those opportunities — now and in the future.”
Headquartered in the San Francisco Bay Area, greenRush enables consumers to legally purchase cannabis online, with hundreds of dispensary partners and tens of thousands of cannabis products available for delivery and express pick-up with a few simple clicks. greenRush currently operates throughout California and Nevada, with immediate plans to expand to Massachusetts, Maryland, Illinois, New York, Pennsylvania, and many other states with legal cannabis laws.
Since its inception in 2015, millions of dollars in legal Cannabis transactions have been facilitated on the greenRush platform. As a result, greenRush’s proprietary data offers unique insight into global online Cannabis purchasing behavior in both the recreational and medical industries.
“As the largest technology platform in the Cannabis industry, we’re in a unique position to have our finger on the pulse of the latest Cannabis trends, new products and consumer purchasing behavior,” Paul Warshaw, greenRush CEO commented. “We are excited to expand greenRush’s reach and service offerings in all states with new or recently instated legal cannabis laws, but are particularly looking forward to being a part of the recreational legalization of Cannabis in California, the most populous state in the United States, which goes into effect in January 2018.”